Physical Item Control

Physical Item Control

The present invention relates to systems and methods for physical item control. The invention further relates to a technological coordination layer protocol for representation of a physical item on a blockchain by a physically backed token minted when the physical item is transferred by its owner or...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Hauptverfasser: Sullberg, Tyler, Gu, Stephen, Li, Yang, Einhorn, Max
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
ELECTRIC COMMUNICATION TECHNIQUE
ELECTRICITY
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHICCOMMUNICATION
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Beschreibung
Zusammenfassung:The present invention relates to systems and methods for physical item control. The invention further relates to a technological coordination layer protocol for representation of a physical item on a blockchain by a physically backed token minted when the physical item is transferred by its owner or possessor to a guardian user of the protocol. The guardian user delivers the item to a physical location when the physically backed token is burned. While the physical item is in the possession of the guardian user, the condition of the physical item is verified through on-chain audits. The protocol can provide tokens to compensate guardian users.